A ‘sharp recession’ lies ahead for Germany should it be cut off from the Russian gas it is so badly addicted to.
This has long been thought of as a potential security risk for both Europe and NATO, with Former US President Donald Trump slamming the Federal Republic for doing nothing to ween itself off the supply during his time in office.towards alternative energy sources — such as expensive Liquified Natural Gas and Renewables — in the hopes of staying afloat now.
Thankfully for the current German government, it looks like such a threat has not come to much so far, with the current Austrian Chancellor, Karl Nehammer, eventhat Putin has confirmed that Austria’s payments for Russian gas in euros can continue for now. It is unclear whether this courtesy will be extended to other European nations in light of the previous threats.